Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th

# The basis for the law of demand is related to - Economics

MCQ

The basis for the law of demand is related to

#### Options

• Law of diminishing marginal utility

• Law of supply

• Law of Equi-marginal utility.

• Gossen’s Law.

#### Solution

Law of diminishing marginal utility.

Concept: Cardinal Utility Analysis
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